Korea Investment CORP Has $21.72 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Korea Investment CORP boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.5% in the fourth quarter, Holdings Channel reports. The firm owned 36,702 shares of the semiconductor company’s stock after purchasing an additional 9,217 shares during the quarter. Korea Investment CORP’s holdings in Monolithic Power Systems were worth $21,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $27,000. West Oak Capital LLC boosted its position in Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the period. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $41,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ MPWR opened at $579.89 on Friday. The company has a market cap of $27.76 billion, a P/E ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. The company has a fifty day simple moving average of $637.11 and a 200 day simple moving average of $698.64. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. Monolithic Power Systems’s payout ratio is presently 16.97%.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Rosenblatt Securities reduced their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Citigroup began coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Oppenheimer reissued an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.